Corporate UpdateApril 2018

MNC Media

PT Global Mediacom Tbk.

Listed and traded on the Indonesia Stock Exchange

STOCK CODE: BMTR

MNCN

MSKY

Disclaimer

2

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MNC Media Corporate StructureSection 1

MNC Media Corporate Structure

4

Global Mediacom Tbk

100 %

Media Nusantara Citra Tbk

Content and Advertising Based Media

68%

PT MNC Vision NetworkSubscription Based Media

Online Media

97.6%

IPTV/Fixed Broadband

100 %

OTT

100 %

DTH Pay TV

Indonesia’s Media Industry UpdateSection 2

6

The Largest Fully Integrated Media Company in Southeast Asia

RADIO

PRINT

SUPPORTINGFREE-TO-AIR TV CONTENT

PAY-TV CHANNELSCONTENT LIBRARYTALENT / EVENTMANAGEMENT

Content library containsmore than 300,000 hoursand increasing by morethan 15,000 - 20,000hours per year

PRODUCTION

Studio based by 4 FTA

ENTERTAINMENT

NEWS & SPORTS

Entertainment FTA focusing on family audience

Largest news TV and

programs (providing news

programs to the Group’s 3

entertainment FTA)

7

The Largest Content Producer

CONTENT

• 80% of our contents are local with more than 90% produced in-house

• Gradually reducing foreign content, due to low margin and high cost

• Targeting to increase local content to approximately 100% in 2018, which will lead to a decrease in programming

cost and higher EBITDA Margin

PRODUCTIONCONTENT LIBRARY Pay TV Channel

Drama, Talent Search, Animation, Sitcom, Movie

The Largest and Leading Audience Share

Content is the only way to capture audience share

and monetize advertising dollars

Indonesians love dramas and we broadcast many of

the top drama series

We have licensed popular International programs

such as Master Chef, Indonesian Idol and X Factor

More than 300,000 hours of content library and

increasing by more than 15,000 – 20,000 hours

annually

We also have 20 MNC branded Pay TV Channels.

These channels are integral to our content strategy

Creating the best content is our top priority

“Content is where I expect much of the real money will be made on the Internet, just as it was in broadcasting.

The television revolution that began half a century ago spawned a number of industries, including the manufacturing of TV sets, but the

long-term winners were those who used the medium to deliver information and entertainment.”

“Content is King” by Bill Gates in 1996

8

Source: Nielsen Prime-Time All Demographic 5+ Audience Share

Dec-17

Share

1 RCTI ABC 21.7

2 SCTV ABCD 16.2

3 ANTV ABC 14.3

4 IVM ABCD 12.7

5 MNCTV ABCD 9.8

6 TRANS7 ABC 6.2

7 GTV ABC 5.7

8 TVONE ABC 5.0

9 TRANS ABC 4.8

10 METRO AB 1.7

11 INEWS ABC 1.1

Rank StationTarget

Audience

9

The Best Talent Search Format Lineup

Pioneering the international scale talent search programs in Indonesia, such as

Indonesian Idol - 8th season and running,

X-Factor Indonesia - 2nd season and running,

Rising Star Indonesia - The 1st Season with interactive talent search programs

MasterChef Indonesia - 3rd season and running

The Voice Indonesia – Aired February 2016Our talent search programs are 3x more profitable than competing “In-house” dangdut singing competition

10

MNCN Dominates Top 20 Program as of 2017

• New comedy drama series produced by MNC Pictures “Dunia Terbalik” performed very

strong topping the program charts.

• 5 out of the Top 10 drama series for 2017 belongs to MNC

Source: Nielsen, ALL DEMO, 5+

NO PROGRAMS CHANNEL TYPE TVR SHARE

1 ANUGERAH CINTA RCTI Series 5.8 27.4

2 DUNIA TERBALIK RCTI Series 5.0 22.1

3 TUKANG BUBUR NAIK HAJI THE SER RCTI Series 4.9 19.7

4 ANAK JALANAN RCTI Series 4.9 23.0

5 SIAPA TAKUT JATUH CINTA SCTV Series 4.3 19.0

6 ORANG-ORANG KAMPUNG DUKU SCTV Series 3.9 15.9

7 ANAK LANGIT SCTV Series 3.8 16.1

8 JODOH ANTV Series 3.7 16.5

9 BOY SCTV Series 3.6 14.9

10 CAHAYA HATI(A01) RCTI Series 3.5 15.5

11 BUAYA PUTIH RCTI Series 3.2 12.3

12 PESANTREN & ROCK'N ROLL 4 SCTV Series 3.2 21.2

13 BERKAH CINTA SCTV Series 3.1 17.4

14 TOP TUKANG OJEK PENGKOLAN RCTI Series 3.1 15.7

15 AMANAH WALI RCTI Series 3.0 21.0

16 GOPI ANTV Series 2.9 19.0

17 SELEB DRAMA ANTV Series 2.9 21.3

18 GEET ANTV Series 2.8 15.8

19 JODOH PENGANTAR JENAZAH ANTV Series 2.8 17.0

20 WARTEG DKI(R) ANTV Series 2.8 12.2

All Contents Are Produced Using State-of-the Art Broadcasting Facilities

11

MNC TV RCTI GTV

Entertainment Based Infrastructure Integrated News Center

INEWS

Revenue StreamsSection 3

13

TV Advertising Revenue

Traditional TVC Commercial (15”

and 30” ) during commercial

break

Virtual ads

Built-in sponsorship and off air

events

Build-In AdvertisingTraditional TVC

Advertising Revenue Stream

Virtual Advertising on Drama Series (TOP) Virtual Advertising on Variety Shows (Dashyat)

14

Digital Mobile/ Online Advertising Revenue

15

Content Revenue

Pay TV

OTTProduced for

All the local content is sourced from the Group/s content library and

produced in house

Library is monetized by selling to FTA, Pay-TV, and OTT in both Indonesia

and Overseas

Revenue is generated from advertising and subscription

We are planning to supply 8 additional channel to Malaysia in Q2-2018

Indonesia and overseas

16

Content Revenue (Including Digital Content)

Content business is growing, content revenue is derived not only from FTA, but also

from digital platforms in Indonesia and overseas

More than 300.000 hours of content library to sell

Financial Update Media Nusantara CitraSection 4

18

MNCN Financial Statements FY2017 VS 2016

Income Statements Variance Variance

In IDR mio FY2017 FY2016 YoY Q4-2017 Q4-2016 YoY

Revenues 7,052,686 6,730,275 5% 1,670,881 1,465,838 14%

Advertisement 6,639,080 6,353,094 5% 1,617,382 1,457,129 11%

RCTI 3,639,505 3,635,376 0% 895,548 842,265 6%

Advertisement excl. RCTI 2,999,576 2,717,718 10% 721,834 614,864 17%

Content 1,466,278 1,000,945 46% 441,238 295,429 49%

Others 454,976 521,294 -13% 123,054 120,348 2%

Elimination (1,507,648) (1,145,058) 32% (510,792) (407,068) 25%

Euro Revenue (RCTI) 230,000

Revenue (excl EURO) 7,052,686 6,500,275 8% 1,670,881 1,465,838 14%

Direct Cost *) 2,486,511 2,719,126 -9% 486,742 508,584 -4%

Depr & amort in Direct Cost 183,962 159,864 15% 46,387 66,837 -31%

Gross profit 4,382,213 3,851,285 14% 1,137,752 890,416 28%

Gross profit margin 62% 57% 68% 61%

General & Administrative expense 1,468,819 1,380,601 6% 383,951 404,239 -5%

Depreciation and amortization 247,641 146,497 69% 49,499 51,385 -4%

EBITDA 3,097,356 2,630,549 18% 800,188 553,014 45%

EBITDA Margin 44% 39% 48% 38%

Net Income 1,453,313 1,368,676 6% 331,554 (74,032)

Net income margin 21% 20% 20% -5%

Actual Actual

Indonesia’s Pay-TV UpdateSection 5

20

IDR 81kARPU(4)

5

MNC Vision at a Glance

Notes

1 As of 31 Dec 17

2 For the period 2010-2017

3 Media Partners Asia 2017 Report

4 Weighted Average period Jan-Dec 2017

9

101 Branches

Extensive In-house

Distribution and

Sales Network

10

MNC NowOTT Services

2.5MMSubscribers(1)

1 2

17.5%Subscriber

CAGR(2)

3

NationwideCoverage

Using S-band & DTH

Technology

4

58%Market

Share(3)

6

0.96%Churn Rate(4)

7

137Channels

32Exclusive

Channels

8

Exclusive

25

166%

92%83%

74%65%

52%

30%18%

10%

0%

40%

80%

120%

160%

200%

Korea Hong Kong India China Singapore Malaysia Thailand Philippines Indonesia

6%6%

5%

2%

1% 1%0% 0% 0%

0%

2%

4%

6%

8%

Philippines Indonesia China India Korea Thailand Malaysia Hong Kong Singapore

Indonesia has the lowest pay TV penetration rate of TV household in the Asia Pasific (2016)

Indonesia Pay-TV subs is among the highest projected country in Asia Pasific (CAGR 2016-2022E)

Source: Media Partners Asia 2017

Indonesia’s Pay TV Market Has Huge Potential

26

Key Initiatives

Increase Subscriber:

Direct Sales with Customer Experience focus

Bundling DTH & Wireless Broadband & OTT

Minimize Churn:

Restructured sales incentive system, Faster

response. Better customer service, Member-

get-member program

Increase ARPU:

Launched Bundling Product with MNC Play

and Wireless Broadband, and Upselling

Channel Packages

27

Our 3 Most Important Competitive Advantages

137 channels with 32 exclusive channels; 23 MNC branded channels

The only provider that owns satellite with S-band technology

Has 101 branches across Indonesia

32

High Speed 4G LTE Internet Package Bundling

To cater the needs of subscribers who demand high quality

internet access, MSKY cooperates with XL, Indosat, Smartfren,

and 3 (Tri) to create Pay-TV + OTT + 4G Internet Package

Bundling.

33

High Speed 4G LTE Internet Package Bundling

Product Name Indovision+ Home Internet 4G LTE

Product Type Home Wireless Broadband

Internet Price 20 GB = Rp. 220.000 (incl tax)/ month80 GB = Rp 239.800 (incl tax)/ month

Quota 20GB or 80GB/ month

Speed Up to 150 mbps

Top Up/ Booster

5GB = Rp. 55.000 and 10GB = Rp. 110.000

Bundling withPay TV

Internet Price + Basic Price of Pay TV Package (Silver / Gold / Venus / Galaxy / Super Galaxy)

System Billing Fixed Rate

34

INDOVISION Priority Program – Loyalty Reward

Indovision gives various benefits of the program Priority Bonus Pack, including free subcription fee, free or discount ala carte for High Definition devices.

35

Broadband BusinessSection 6

36

MNC Play at a Glance

US$ 22Residential

ARPU(3)

5

3

175kResidential

Customers(1)

4

253Enterprise

Customers(1)

7

Up To

1 GbpsInternet Speed

Notes

1 Up to 31 Dec 2017

2 Monthly Average 2017

3 YTD Dec 2017

8

172Channels

2

Presence in

9 Cities(1)

1

1209kHomes

Passed(1)

6

1.7%Monthly Churn

Rate(2)

37

Broadband Market is at the Cusp of Rapid Growth…

High Penetration, High GrowthHigh Penetration, Low Growth

Low Penetration, High Growth

“Sweet Spot”

Low Growth, Low Penetration

China

Indonesia

Japan

Philippines

Vietnam

ThailandMalaysia

Australia

Taiwan

Hong Kong

Singapore

New Zealand

0

30

60

90

120

0 12 24 36 48

Emerging Market

FTTx Subscription Revenue Significant Potential with Low Penetration and High Growth

2017 Fixed Broadband Penetration (%)

78,5%

33,6%

30,0%

30,2%

25,0%

25,0%

22,6%

10,3%

7,6%

6,7%

6,4%

4,7%

2,5%

1,6%

India

Indonesia

Thailand

Philippines

New Zealand

Australia

Vietnam

Malaysia

China

Singapore

Hong Kong

Taiwan

Japan

Korea

Source Media Partners Asia 2017

0

Developed Market Size of bubble represents # of householdsNote

1 China and India are not up to scale

(1)

(1)

2016-22E CAGR (%)

FTTx Revenue 16-22E CAGR (%)

38

…Resulting from an Underpenetrated and Underserved Market

…And A Relatively Low Average Fixed Broadband Speed…

Mbps28,6

21,920,3

16,0

9,5 8,97,2 6,5 5,5

Korea HongKong

Singapore Thailand Vietnam Malaysia Indonesia India Phillipines

Indonesia Has Amongst the Lowest Fixed Broadband

Penetration…

2017 (%)

Source Media Partners Asia 2017, Akamai (Q1 2017)

…Among the Highest Projected Fixed Broadband Subscriber

Growth…

2016-22E CAGR (%)

128%

96%88%

67%

37% 35%

11% 8% 7%

0

40

80

120

Korea HongKong

Singapore China Malaysia Thailand Philip-pines

Indonesia India

11,0 10,9

5,7 5,5 5,12,5 2,3 2,0

0,6

India Philip-pines

Thailand Indonesia China Malaysia HongKong

Singapore Korea

…With Substantial Headroom for ARPU Growth

2017 (US$)

34

29 2925

1714

118 8

Malaysia Philip-pines

Singapore HongKong

Thailand Korea Indonesia India China

41

The Fastest Internet

ConnectionHigh Speed Upload & Download

Modern Fiber with Latest

Wi-Fi Technologies

100% Fiber Optic

The Most Sophisticated

Pay TV Offering You Will Not Miss Your Favourite Shows

Video On Demand

Feature

172 SD and HD

Channels

Television On Demand

Pause, Play and Rewind

for All Channels

Watch on Your Mobile

Devices Anytime and

Anywhere

Superior Broadband and Pay TV Product Offerings

Android Set-Top-Box

High Speed Upload

and Download1

Gbps

Symmetrical Upload

and Download Speed

Network Ability up to

10 Gbps

Media Sharing Ready

42

Robust Java Multimedia Superhighway to

Ensure Optimum Content Delivery and Expansion

Ready to use 6-core Indefeasible Right to Use (IRU) network that spans 1,165 kms from Jakarta

to Surabaya, and redundant south route to ensure maximum performance

It consists of 3 sections and 14 subsections with 15 Point of Presence (POP) for further

expansion of last-mile network in Java.

North Route

South

Route

43

Synergy & Value Creation Superior to Competition

Superior to

Competition

Notes

1 Also present in Bali (4th city) but focuses on corporate subscribers only

2 Right of way

PT MNC Sky Vision Tbk PT MNC Kabel MediakomPT MNC OTT

Indonesia

Leading DTH Player

Fastest Growing

Fixed Broadbrand

& IPTV Live TV and VOD

+ +

Superior to

Competition

45

OTT BusinessSection 7

46

MNC Now at a Glance

Home TV SeriesFilms

Offering the best of local entertainment anytime, anywhere...More than 80 channels of live TV channels

7-day Catch-Up TV

More than 4,000 hours of on-demand entertainment

Free value-added service to eligible subscribers of MNC Play and MNC Vision

Available on compatible Android and iOS devices

Financial Update Global MediacomSection 9

BMTR Financial Statements FY 2017 VS 2016

48

Consolidated revenues increased by 4% in FY17 (YoY) mainly derived from FTA and content revenue which increased by 5% in FY17 (YoY).

EBITDA increased by 23% in FY17 (YoY) mainly due to contribution from FTA and content revenue, and lowerProgram Cost. Hence, EBITDA Margin improved to 40% in FY17.

Increase in Net Income margin from 2% (FY16) to 5% (FY17) due to improvement in operating income during 2017 while foreign exchange exposure remained insignificant.

Income Statements

In IDR Bio FY17 FY16

Revenues 10,829 10,460 4%

Advertising & content based 6,859 6,504 5%

Subscribers based media 3,141 3,018 4%

Online based media 657 772 -15%

Others 172 166 4%

Direct cost 5,547 6,240 -11%

Gross profit 5,282 4,220 25%

Gross profit margin 49% 40% 8%

Operating expense 2,435 2,175 12%

Depreciation & amortization 1,445 1,437 1%

EBITDA 4,292 3,482 23%

EBITDA margin 40% 33% 6%

Income from Operations 2,184 1,842 19%

(Loss)/gain on foreign exchange - net (121) 232

Net income (loss) attributable to parent 494 204 142%

Net income (loss) margin 5% 2% 3%

∆ Non Cash :

Depreciation (35)

Forex 225

Deferred Tax 55

Total ∆ Non Cash 245

Normalized Net Income -

attributable to parent 739 204 262%

ActualVar.

Thank You

For further information, please contact Investor Relations Division:

Christy Kusuma Atmajachristy.atmaja@mncgroup.com

David F. Audydavid.audy@mncgroup.com

PT Global Mediacom TbkMNC Tower 29th Floor

Jl Kebon Sirih No.17-19Jakarta 10340, Indonesia

Tel: 62-21 3913338Fax: 62-21 3910454

Website: www.mncgroup.com